And at 16 you can afford $220+ a month, + gas and + maintenance while having at least $800 in the bank in case something happens? Impressive.
If you don't have quite a bit of money in the bank and your car breaks, you will not be able to fix it, may lose your job if you can't get there, then won't be able to make your payments on insurance then. ALWAYS have a decent amount of money for when stuff happens, because it WILL.
I like to keep 1000$ in my bank incase of emergency